Wheaton Precious Metals (LON:WPM) Price Target Raised to GBX 9,600

Key Points

• Berenberg Bank has raised its price target for Wheaton Precious Metals from GBX 8,300 to GBX 9,600, indicating a potential upside of 12.94% from the current stock price.
• The stock traded up GBX 320 on Tuesday, reaching GBX 8,500, with a market capitalization of £38.59 billion.
• Wheaton Precious Metals is recognized as a leading precious metals streaming company, boasting a portfolio of high-quality, long-life, and low-cost assets.

Wheaton Precious Metals (LON:WPM - Get Free Report) had its price objective lifted by stock analysts at Berenberg Bank from GBX 8,300 to GBX 9,600 in a research note issued on Tuesday,Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 12.94% from the company's current price.

Wheaton Precious Metals Price Performance

WPM stock traded up GBX 320 during midday trading on Tuesday, reaching GBX 8,500. 3,464 shares of the stock were exchanged, compared to its average volume of 3,352. The stock has a market capitalization of £38.59 billion, a PE ratio of 4,896.31 and a beta of 0.70. Wheaton Precious Metals has a 52 week low of GBX 4,319 and a 52 week high of GBX 8,720. The company has a fifty day moving average price of GBX 7,544.52 and a 200 day moving average price of GBX 6,771.12.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company.

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